|New Brit. Palm
||ORD NPV (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about New Brit. Palm (London Stock Exchange): 0 recent articles
|kingmidas2: Good news today and the share price has responded. Onward and upwards.
This is a very quiet page. Is there anyone out there?|
|simon gordon: The share price was puffed up by momentum investors during the commodity bull market when the best trade was to be long commodities, short banks. This trade has recently reversed.|
|t-trader: Looks like were having fun with the share price today.
Up and down like a yoyo and yet hardly any volume traded.|
|protean: I'm pretty sure a lot of people still follow newspaper tips. Market makers know this and push up tipped share prices prior to the open. Also often there is a lot more volume on the day after a share has been tipped as readers buy in. A naive strategy perhaps, but one that a large number of less seasoned investors follow.
The interesting part is the fact that the article highlights how NBPO is at an undeserved discount to compared to its peers. TMI also mentions this. They both also make reference to Kaupthing's 800p price target and the fact that there is plenty of upside potential.
Admittedly TMI has much more credence than a Mail on Sunday tip, but no harm in seeing what different people have to say especially if they present a valid argument for share price growth.|
|t-trader: The EU wont ban palm oil imports. (not from sustainble sources anyway)
A few supermarket chains have announced they are banning the sale of palm oil,
but only from unsustainable sources.
We were always going to see some kind of retrace in the share price, as it had doubled in value within a month of the flotation price. The main reason for the drop is due to the general market conditions. Ive sold my holding based on where the markets are heading and not based on the fundamentals of this company. I personally beleive this company has a bright future, but am unsure where the price is going in the short term. I will buy again when market conditions improve.|
|woracle: Thanks AT, certainly did the trick with share price :)|
|olivercromwell: New ways to play the food-price boom
Created: 19 December 2007 Written by: Graeme Davies
Global food prices are testing new highs, and there are real fears that food-price inflation could spell trouble for the global economy. A combination of factors has produced this spike, including increased demand from emerging economies, changing tastes and competing demand from fuel producers, exacerbated by poor harvests. None is likely to fade away quickly.
There are dozens of UK-quoted companies, such as food and biofuel producers, who are threatened by the sky-high prices of wheat, corn and other foodstuffs as much as they are by oil. But there are also ways of hedging against the trend by buying into equities exposed to the other side of the coin.
Two recent fund-raisings in London illustrate the demand for exposure to soft commodities, even in tough equity markets. Last month, Aim welcomed Landkom , which raised £54m to fund rapid expansion of its land bank in Ukraine, where it will grow wheat and oil seed rape "on an Australian scale".
Landkom already has 10,000 acres of land planted but plans to build this out rapidly over the coming years. Landkom recently sold 5,000 tonnes of its 2008 oil seed rape production at $537 (£268) a tonne, well ahead of the estimates it had provided for sale prices just weeks earlier when it floated.
And this month, New Britain Palm Oil raised £89m before expenses in a main market listing. It produces palm oil in Papua New Guinea, and owns its entire production process from seed development to refining. Palm oil is in huge demand from the emerging economies of Asia as well as in the west, where it is replacing hydrogenated fats in food production.
New Britain's share price rose 17 per cent on its first day of trading, to 292.5p, reflecting the demand for exposure to this sector. Other palm oil producers, such as MP Evans and Anglo-Eastern Plantations, have also enjoyed strong share-price performance this year, rising 29 per cent and 39 per cent respectively.
GoodValue - Landkom and New Britain, both good value at 58.5p and 292.5p respectively, look set to perform well in 2008 as the food price boom continues.|
|bach is dead: if ramper cromwell can pump sola, although he was right in his prediction, then Im gonna promote NBPO to the full.
share price drivers for 2008
INcrease in demand for palm oil for
foodstuffs from EU
Zero import tax into EU for NBPO
Increase use of biofuels from CPO (crude palm oil)
Forecast prices for CPO into 2008 on tight supplies
High barriers to entry - it takes 6-7 years to build up a palm oil farm from seed
NBPO as 40000 Hectares of the stuff and in exploiting solomon islands for further supplies
capacity increase of 33% into 2008 which shoould boost EPS from forecast 41-45p for Full 2007
unrivalled position in Papua NG
full production process from seed, production and marketing
Substantial institutional demand so solid shareholder base
full benefits from econ of scale
major backer is Kulim Berhad a Malaysian blue chip with substantial capital..
zero liquidity concerns
forecast pe of around 8 into 2008
a pretty solid investment and a strong buy for a hold into 2008
price target for mid 2008 is 600p - pe of 15|
New Britain Palm Oil share price data is direct from the London Stock Exchange